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Keep in mind that some of the additional tax would be funded by the basic income received by the rich (i.e. some people would get the $10k and then pay back $10
by corin_ 11y ago
Keep in mind that some of the additional tax would be funded by the basic income received by the rich (i.e. some people would get the $10k and then pay back $10k more in tax than they would have before, thus not gaining or losing - and of course some people will fall on either side of that middle line). Also, some social benefits costs would be cut, and in theory possibly also save money on currently-needed beaurocracy.
Whether it all balances out would depend on how it was implemented and then your subjective opinion of how it would work, my point is just that it's not as simple as "find another $3.2trillion".
- clemensley 11y agoFair point. It seems that in 2009, 13.2% of americans have been living under the poverty threshold. Lets say that they make 50% of the poverty threshold on average (don't know the number). That would be an increase of 3.3% of government revenue. Plus the savings on bureaucracy you point to. Does not sound like the most libertarian plan ever, but it's certainly not unrealistic.